Global Fibre Reinforced Plastic (FRP) Rebar Market, By Resin Type (Vinyl Ester, Polyester, Others), Fiber Type (Glass Fiber Reinforced Plastic, Basalt Fiber Reinforced Plastic, Carbon Fiber Reinforced Plastic), Application (Highways, Bridges, & Buildings, Water Treatment Plants, Marine Structures & Waterfronts, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Fibre Reinforced Plastic (FRP) Rebar Market
Fibre reinforced plastic (FRP) rebar market will reach at an estimated value of USD 870.23 million and grow at a rate of 12.00% for the forecast period of 2021 to 2028. FRP materials provide superior properties as compared to other alternatives which acts as a vital factor driving the growth of fibre reinforced plastic (FRP) rebar market.
Fibre-reinforced plastic (FRP) is defined as a composite material comprising of polymer matrix reinforced with fibers. FRP bridges offers strength due to the polymers that make up the whole sections of the bridges. The bridges made from FRP material require no specific maintenance and also provide resistance towards corrosion
Rise in the demand for FRP material in the manufacturing of decks is the vital factor escalating the market growth, also rise in the demand for the FRP rebar’s across different end-use industries like durability, building and construction industries to fuels, resistance to chemicals, or vapors, high tensile elongation strength, and heat resistance among others and increase in the research and development activities in the market are the major factors among others driving the fibre reinforced plastic (FRP) rebar market. Moreover, rise in the awareness about repairing and retrofitting of existing bridge structures and rise in the use of composites in the building of bridges will further create new opportunities for the fibre reinforced plastic (FRP) rebar market in the forecast period of 2021- 2028.
However, high cost of carbon fiber and sensitivity to UV radiations are the major factor among others acting as a restraint, and will further challenge the growth of fibre reinforced plastic (FRP) rebar market in the forecast period mentioned above.
This fibre reinforced plastic (FRP) rebar market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fibre reinforced plastic (FRP) rebar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fiber Reinforced Plastic (FRP) Bridge Market Scope and Market Size
Fibre reinforced plastic (FRP) rebar market is segmented on the basis of resin type, fiber type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on resin type, the fibre reinforced plastic (FRP) rebar market is segmented into vinyl ester, polyester and others.
- Based on fiber type, the fibre reinforced plastic (FRP) rebar market is segmented into glass fiber reinforced plastic, basalt fiber reinforced plastic and carbon fiber reinforced plastic.
The fibre reinforced plastic (FRP) rebar market is also segmented on the basis of application into highways, bridges, & buildings, water treatment plants, marine structures & waterfronts and others.
Fiber Reinforced Plastic (FRP) Bridge Market Country Level Analysis
Fibre reinforced plastic (FRP) rebar market is analysed and market size, volume information is provided by country, resin type, fiber type and application as referenced above.
The countries covered in the fibre reinforced plastic (FRP) rebar market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fibre reinforced plastic (FRP) rebar market due to increase in the demand for FRP material in the manufacturing of decks and rise in the research and development activities in the market acts as the major factors among other driving the fibre reinforced plastic (FRP) rebar market in this region.
The country section of the fibre reinforced plastic (FRP) rebar market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fiber Reinforced Plastic (FRP) Bridge Market Share Analysis
Fibre reinforced plastic (FRP) rebar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fibre reinforced plastic (FRP) rebar market.
The major players covered in the fibre reinforced plastic (FRP) rebar market report are AXION STRUCTURAL INNOVATIONS LLC, B&B FRP MANUFACTURING INC., Bedford Reinforced Plastics, Creative Composites Group., CTS Bridges Ltd, FiberCore Europe BV, Fiberline Composites A/S, Strongwell Corporation, Hughes Brothers, Inc., Lifespan Structures Ltd and Vectorply among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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